SHYAMMETL · Q1 FY27 · investor call
SHYAMMETL
Shyam Metalics reported strong financial performance in Q1 FY27, with revenue up 23% YoY and EBITDA up 28% YoY. The company emphasized its self-funded growth strategy, disciplined capital allocation, and focus on high-margin value-added products like stainless steel and aluminium foil. Management highlighted capacity expansions across various segments and a strong balance sheet supporting future growth.




Key financials
| Revenue | ₹5,455 crore | YoY +23% |
| EBITDA | ₹812 crore | YoY +28% |
| PAT | ₹351 crore | YoY +20.6% |
| Gross Profit Margin | 28.3% | YoY +0.4% |
| Operating EBITDA Margin | 14.0% | YoY +0.9% |
Segment commentary
Stainless Steel
The company is on track to become the 2nd largest player with capacity expansions and a focus on high-margin products.
Aluminium Division
Commissioned new facilities, with over 60% of production exported, enhancing margins through backward integration.
Carbon Steel
Capacity expansions in billets, TMT bars, and structural beams are driving growth and improving margins.
Guidance & outlook
- Revenue expected to grow at ~2.3x by FY31 with a focus on value-added products.
- EBITDA projected to increase by ~2.7x over the next five years.
- Strong balance sheet with net cash positive, supporting expansion without external debt.
Notable quotes
“Our self-funded growth strategy is enabling us to scale rapidly while maintaining financial discipline.”— Birendra Kumar Jain
Key takeaways
- Strong financial performance driven by revenue growth and margin expansion.
- Focus on value-added segments like stainless steel and aluminium foil is enhancing profitability.
- Self-funded growth strategy with disciplined capital allocation supports sustainable expansion.
- Capacity expansions across multiple product lines are set to drive future growth.
- Management remains optimistic about achieving long-term growth targets despite industry challenges.
Risks flagged
- Cyclicality in the steel industry affecting margins.
- Global economic uncertainties impacting exports.
- Competition from Chinese imports.
Educational analysis only. Not investment advice. Consult a
SEBI-registered advisor before investing. Source: https://nsearchives.nseindia.com/corporate/SHYAMMETL_20072026173013_SMELInvestorsPresentation20072026.pdf
Full transcript (7,462 words)
SMEL/SE/2026-27/49 July 20, 2026
The Secretary, Listing Department The Manager – Listing Department
BSE Limited National Stock Exchange of India
Phiroze Jeejeebhoy Towers Limited “Exchange Plaza”, 5th Floor, Plot
Dalal Street No. C/1, G Block, Bandra-Kurla Complex,
Mumbai 400 001 Bandra (East), Mumbai 400 051
Maharashtra, India Maharashtra, India
Scrip Code: 543299 Symbol: SHYAMMETL
Dear Sir/Madam,
Sub: Investors Presentation: Financial Results for the 1st Quarter Ended 30th
June, 2026
Pursuant to the Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 read with applicable
Schedules thereof, please find attached the Investors Presentation w.r.t the Un-audited
Financial Results of 1st Quarter Ended 30th June, 2026.
This is for your information and record.
Thanking You,
For Shyam Metalics and Energy Limited
Birendra Kumar Jain
Company Secretary
Membership No. F13320
Encl: as above
OUR BRANDS
SHYAM METALICS AND ENERGY LIMITED
Regd. O(cid:431)ice: P-19, (Plate No.: D-403), Taratala Road, CPT Colony, Kolkata, West Bengal – 700088
CIN: L40101WB2002PLC095491 GSTIN: 19AAHCS5842A1ZE
T:+91 33 6521 6521 Email: contact@shyamgroup.com Web: www.shyammetalics.com Follow us on :
Power | Ferro Alloys | Pellets | Pig Iron | Billets | Sponge Iron | Wire Rod | Wire | TMT & Structurals | Aluminium Foil | Roofing Product | Stainless Steel | DI Pipes
Shyam Metalics & Energy Limited
Investor Presentation | Q1 FY27
Self-Funded Growth, Value-Led Future
6th Net Cash AA+ 16.93 MTPA
Largest Steel Producer Positive at Peak Capex CRISIL, Stable Combined Production Capacity
Safe Harbor
This presentation and the accompanying slides (the “Presentation”), which have been
prepared by Shyam Metalics And Energy Limited (the “Company’), have been prepared
solely for information purposes and do not constitute any offer, recommendation or invitation
to purchase or subscribe for any securities, and shall not form the basis or be relied on in
connection with any contract or binding commitment whatsoever. No offering of securities of
the Company will be made except by means of a statutory offering document containing
detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which
the Company considers reliable, but the Company makes no representation or warranty,
express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy,
completeness, fairness and reasonableness of the contents of this Presentation. This
Presentation may not be all inclusive and may not contain all of the information that you may
consider material. Any liability in respect of the contents of, or any omission from, this
Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively
forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and
assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various
international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company's future levels
of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its
exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results
expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking
statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements
and projections.
All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, Process or
completeness.
Page 2
Table of Contents
Company Overview
1
Products and Capabilities
2
Capacity Expansion
3
Financial Performance
4
Strategy & Guidance
5
ESG
6
Annexures
7
Page 3
Shyam Metalics at a Glance
One of India's fastest-growing integrated metal producers
2nd
6th Largest 467 MW
16.93 MTPA
Largest Coal based Largest Steel Producer Aluminium Foil Total power generation Combined
Sponge Iron Player Manufacturer Production Capacity
Scaling Rapidly to Emerge as the ~79% of Captive Power in Q1 FY27
Industry’s Leading Player
Leading Integrated Multi Metal “Ore to Metal” Integration Strategic Location Advantage
Producer in India
2 Captive Railway Sidings & 19 dedicated Proximity to Mineral Belts, National
Among India’s largest multi metal Railway Rakes for cost-efficient raw Highways and Ports – minimises freight
producer with fully integrated operations material logistics costs
CRISIL RATINGS SHIFT TOWARDS HIGHER VALUE ADDED PORTFOLIO
Long Term AA+
Commodity Focused Player Integrated Multi-Metal, Value-Added Producer
Short Term A1+
Bulk Sponge Stainless Aluminium CR Railway
Outlook Stable Pellets Billets SBQ
Iron Wires & Foils & Fins Coils/Sheets Wagons
Bright Bars
Page 5
Why Invest in Shyam Metalics?
01 6th largest steel producer 02 Self-funded growth
On course to become a leading steel Net cash positive, supporting expansion
producer. through the cycle.
Self funded
growth, cash
discipline,
20+ years of execution track record 2.3x Revenue & 2.7x EBITDA by FY31
03 04
strong
Scaled with discipline and remained PAT Clear ambition to multiply the operating
execution track
positive throughout. platform by FY31 and beyond.
record (20+
years) and a
shift toward
177% return since IPO Higher-margin value-added products
higher-value 05 06
Track record of shareholder value creation Portfolio mix moving toward value-added
products create
post listing. products with higher margin profile.
a compounding
platform.
Investment case: scale + discipline + value-added mix backed by self-funded growth and strong execution
track record
Page 6
The Transformation Playbook
From commodity to value-added leader – shift in mix yielding better margins
Pre-2005 2010–15 2016-21 2022-24 2025-26 2027-31
O
Foundation Scale-Up IPO & Expansion Diversification with Value Leader Vision 2031 P
I
New Verticals e
o Incorporation of Shyam o Sambalpur & Jamuria – o Capacity & captive power o Battery foil and o Revenue: ~Rs. 42,500+ c
n
SEL and Power Ltd. Commercial production expansion o Expanded into Stainless Aluminium FRP Cr (~18% CAGR/~2.3x) i s
o Incorporation of Shyam began o Ventured into TMT & Wire Steel, Aluminium Foil, TMT o Railway Wagons o EBITDA: ~Rs. 6,200+ Cr n
r
Metalics and Energy o Complete integration of Rod Bar, Roofing Sheets, (22% CAGR) u
o SEL Tiger gains traction t
e
Limited Sponge Iron, Billets, and o Launched Aluminium Foil colour-coated/galvalume o Capacity: ~27 MTPA R
o Mangalpur Plant – Sponge
Ferro Alloys
line (4000 TPA)
sheets o 8
c
3
a
%
pt i
p
v
o
e
w
g
e
e
r
n
m
er
e
a
t
t i
b
o
y
n o RoE: 20%; RoCE: 22% x
Iron commercial production o Captive Railway Siding & o Metal capacity surpassed 7
o Listed on NSE & BSE (IPO .
2nd Captive Power 15 MTPA o Commissioning of blast o Net Cash Positive 2
oversubscribed ~121 times) ~
furnace
o Commissioned first Ferro o Value-added
o Total Capacity – 5.2 MTPA
Alloy unit o CRM downstream products
Longer
Better RoE/RoCE
Contracts
Debt-Free Growth
Engine
Higher Lower Stronger
EBITDA/Tonne Cyclicality Cash Flow
Page 7
Our Track Record
✓ In just 2 decades, SMEL has gone from being outside India’s Top 35 steel producers to becoming the 6th largest steel producer in the country.
✓ SMEL has always been profit-making – we have never had a loss-making year despite operating in a cyclical industry.
✓ Operating in a commoditized industry, being low cost + strong capital allocation are the strongest sources of competitive advantage.
A breakup of cumulative five-year financial performance
Revenue EBITDA PAT EBITDA Margin (%) PAT Margin (%)
11.3%
18.4%
69,937 9,868 5,566 14.8% 8.0%
20% 21% 12.7% 14.1% 7.0%
20% CAGR CAGR 2,430
CAGR
3,961 1000.0%
21,512 3.5%
9,143 1,161 324
4,354 646 304
0.0%
2007-11 2012-16 2017-21 2022-26 2007-11 2012-16 2017-21 2022-26 2007-11 2012-16 2017-21 2022-26 2007-11 2012-16 2017-21 2022-26 2007-11 2012-16 2017-21 2022-26
Our Revenues, EBITDA and PAT have grown at CAGR of 20%, 20% and 21% respectively over the past 20 years
Note - All figures in Rs crores
Page 8
Growth Roadmap – FY31
Revenue (₹ Cr)
~2.3x / 2.7x ~20% / 22%
Growth in Revenue / EBITDA
RoE / RoCE
18,552
42,647
~₹9,500 Cr
6,297
Net Cash +ve
Capex to be deployed over
FY21 FY26 FY31E
next 4-5 year, funded by Negative Net Debt despite
internal accruals – no external substantial growth capex
debt
Debt to Equity capped at 0.5x
EBITDA (₹ Cr)
~15%
780+ MW
EBITDA Margin
Total Power Generation
2,333 6,236
1,394 Scaling Rapidly to Emerge as
Cost of in-house power (₹2.65 Per Unit) is
Leading
significantly less than grid power which
FY21 FY26 FY31E costs ₹5-7 Per Unit
Steel Producer
Page 9
Strategic Commitments vs Delivered Outcomes
We Say and We Do!!
CAPACITY EXPANSION VALUE ADDITION CAPACITY EXPANSION
FY21A FY26A FY21A FY26A
FY21A COMMITTED DELIVERED FY26A
(FY25) (FY25)
Metal
Ferro Alloy Balance Zero net
Capacity 5.71 11.60 13.51 16.78 ✓ 20% 52% ✓ Net D/E:0.07x
Exports Mix Sheet debt ✓
(MTPA)
+ Aluminium Foils & Fins
Captive
New + Colour Coated Sheets Working
Power 227 357 377 467 ✓ 69 days 9 days ✓
Verticals + Stainless Wires & Bright Bars Capital
(MW)
+ SBQ (Auto Grade)
Export 40 Credit CRISIL AA – CRISIL AA+
23 countries Increase value addition, reduce cyclicality.
Presence countries ✓ Rating (Stable) (Stable) ✓
Page 10
Tenets Followed at Shyam Metalics
Capital allocation: 70:20:10
Debt-to-Equity capped at 0.5x
Growth, Liquidity, Dividend
11 01
Sustainability and continuity CAPEX funded by accruals;
build resilience Debt only for working capital
02
10
Metallurgy expertise Capex phased to cash flows
09
anchors decisions Ensuring financial discipline
Start small, gain Industry insights,
Plan meticulously before 08 04
then commit larger capital
significant moves
07 05
Well insulated business model mitigates
Custodians of investor trust
06
import risks from countries like China
and capital
Best-in-class technology and infrastructure
drive efficiency & cost leadership
Page 11
Eminent Promoters & Professional Board of Directors
Mahabir Prasad Brij Bhushan Agarwal Sanjay Kumar Deepak Agarwal Sheetij Agarwal
Dev Kumar Tiwari
Agarwal Chairman & Managing Agarwal Director (Finance) & Whole-time Director &
Whole-time Director
Chairman Emeritus Director (CMD) Joint Managing Director Group CFO Head - Strategy
o An accomplished o A visionary Business o Holds a bachelor’s o He is an Fellow Member o Bachelor of Science in
business leader and a leader and a guiding degree in commerce, of the Institute of Business Administration
o He has over 23 years of
first-generation force for the company with honours, from Company Secretaries of from D'Amore Mckim
experience in the steel
entrepreneur having having over three University of Kolkata India School of Business,
and ferro alloys industry
more than 50 Years of decades of experience in with over 22 years of Northeastern University
o A techno commercial
experience in steel & the steel and ferro alloys vast experience in the o He is responsible for
professional and o Overlooks and
ferro alloys industries industry steel & ferro alloys project implementation
possessing more than spearheads strategy &
industry and operations of
o He has the foresight to o Primarily responsible for 25 years of experience Business Development
Sambalpur
lead the Company on a strategic planning, future o Primarily responsible for of steel and ferro alloys at Shyam Metalics and
manufacturing plant
transformational journey expansion, business the Operations / industries Energy Limited
and contributing development, marketing, manufacturing of the
o Primarily responsible for
significantly in growth human resources and plants with focus on cost
overseeing the Group’s
path of the company corporate affairs control, production
finance, accounts, legal,
efficiency, competitive
direct & indirect taxation
procurement of raw
and corporate
materials etc.
compliance
The Management Team is ably assisted by a very strong team of Professionals who have contributed immensely to the growth of the Company
Page 12
Eminent Independent Board of Directors from Diversified Field
Chandra Shekar Verma Nand Gopal Khaitan Shashi Kumar Kishan Gopal Baldwa Rajini Mishra Subrata Bhattacharya
Ex-Chairman & MD, SAIL Partner at Khaitan & Co Ex-Chairman, Coal India Ltd Fellow member of ICAI Associate member of ICSI Distinguished Metallurgist
o He is a Fellow o He is registered as an o Associated with the o Associated with the o Associated with o A distinguished
Member of the advocate with the bar company since 2023 company since 2018 Shyam Metalics since metallurgist and
Institute of Company council of West 2021 seasoned corporate
o He holds a B.Sc. from o He holds a bachelor’s
Secretaries of India, a Bengal since June 20, leader with over 39
Patna University and a degree in commerce o She holds a
Fellow Member of the 1974 years of extensive
B.Sc. (Hons) in Mining from University of bachelor's degree
Institute of Cost & experience in the steel
o Associated with the Engineering from the Rajasthan from Calcutta
Works Accountants of and stainless-steel
company since 2023 Indian School of University in Botany,
India o He has been a fellow industry
Mines, Dhanbad, and a master's degree
member of the
o He also holds a Ranchi University in business o He holds a B.Tech. in
Institute of Chartered
Bachelor's degree in administration from Metallurgical
Accountants of India
Law and Legislature the West Bengal Engineering and an M.
for 38 years and holds
and Master's degree University of Tech. in Extractive
a certificate of practice
in Commerce and Technology Metallurgy from NIT
Business Durgapur
Administration
o Associated with the
company since 2024
The company benefits from the guidance of an independent Board comprising seasoned professionals who brings objectivity, governance, expertise and strategic insight
Page 13
Product Portfolio
Our portfolio spans entire metal value chain ensuring quality control and cost competitiveness
Core Metal Products
Carbon
steel Structural Railway Crash
TMT Bars Wire Rods SBQ Wires*
Steel Wagons* Barrier
Raw materials
Flat
Steel Roofing
HR Coils* CR Coils Galvalume Pipe
Sheets
Iron Ore Ferro
Specialty Pellets Alloys
Alloys Ferro Low Carbon
Products Ferro Chrome
Intermediate products
Stainless
Steel SS Bright SS Hot SS Wire
SS Billets SS Rebar SS Wire*
Bar Rolled Bar* Rod*
Sponge
Pig Iron Billets
Iron
Aluminium
Aluminium Aluminium
EV Battery Foil* Aluminium Fins*
Foil FRP*
* Upcoming PPaaggee 1144
Powered by 467 MW of captive power
Strategically Located – Raw Material & Supply Chain Advantage
7 4
state of the art manufacturing plants spread across states - West Bengal, Odisha, Madhya Pradesh and Jharkhand
Jamuria Pakuria Kharagpur Mangalpur Indore Giridih Sambalpur
Out of the 1,827 acres land across the 4 states, 1,338 acres occupied by plant operations and 489 acres of available land
post implementation of current capex enable 3-5 years of growth runway
Raw Material
Sources are
within 250 kms
+ =
Close Strong Lower
Proximity to Logistics Logistics Cost
Raw Material Infrastructure
Dhamra
Paradeep
Vishakhapatnam
Plant Captive Railway Proximity o Plants are in close proximity to National Highways & Ports
Location Sidings to Ports o Sambalpur & Jamuria Plants have captive railway sidings Page 15
Global Presence Across 30+ Countries and Expanding Rapidly
21% 13%
Export Contribution to Aluminum Foil Products
Revenue in FY26
Germany
Austria 17%
Belgium Lithuania
United Kingdom
Czech Republic
Ferro Chrome Ferro
Macedonia South Korea
Manganese and Silico
USA Switzerland Turkey BhutanChina Japan
Taiwan Manganese Products
Mexico Luxembourg Nepal Hong Kong
Vietnam
Spain Bangladesh Philippines Steel products both
Panama Italy Ghana Utd.ArabEmir
upstream and downstream
. Singapore Indonesia
Brazil 70% including Angles, Beams,
Malaysia
Billets, Channels, Wire
Rods, MS Round Coils,
Sponge Iron and Pig Iron
India’s Leading Foil Exporter
Preferred
suppliers to large
Macsteel Mankin Hoa Phat Dung Metal Cartonal
corporations International JM Industries MTALX Quat Steel Exchange Italia CCMA Quimidroga
Page 16
Moving Towards a Diversified Mix Focused on Value Added Products
Revenue Mix Sales Volumes (in lakh tonnes)
85% 79% 74% 77% 77% 28.9
48% 48% 45% 45%
37% 31% 40% 37% 20.2 20.6 21.2
29% 32% 17.2
15.1
13.3
15% 13% 13% 11% 10% 11.2 9.1
4.0
8%
4% 5% 7% 4% 5% 1.8 1.8 1.8 0.80.2 2.0 0.90.2 0.5 0.2 0.1
FY23 FY24 FY25 FY26 Q1 FY27 FY23 FY24 FY25 FY26 Q1 FY27
Intermediates Speciality Alloys Aluminium Intermediates Speciality Alloys Aluminium
Finished Steel Stainless Steel Finished Steel Stainless Steel
Leveraging downstream
investments to maximise
value capture and
customer reach
Building a more resilient,
Growing the contribution
higher-margin and less
of value-added and
cyclical business model
specialized products
- Carbon steel total
Page 17
Stainless Steel: A High Growth Vertical
Stainless Steel Vertical Overview – On Track to become 2nd Largest Player
Leading Player in Forayed into 2 Manufacturing Rolling Mill is 0.15 MTPA Installed Wide product range
Stainless Steel Stainless steel units at Pithampur, developed by Italian Capacity for finished across series 200,
Long Products in through acquisition Madhya Pradesh player Danieli in stainless steel 300, 400 and
India of Mittal Corp with ~35 Acres of Madhya Pradesh Duplex
land
Expanding Footprint in Stainless Steel Business Areas
CR and HR expansion at Sambalpur increases capacity GoI has issued circular for use of stainless steel for construction of national highway Bridges
and centrally sponsored projects in marine environment susceptible to sever corrosion
and margin-accretive product mix.
Series 200 Series 300 Series 400
Post Expansion mix
Current
Stainless Steel Stainless Steel Stainless Steel
0.85
0.75
0.15
0.12 SS Billet
Automotive, White
Finished SS Kitchen Utensils Construction
Goods, Decorative
Bright bars
0.03 0.02
Stainless Steel Wire Rods & Bright Bars
Wire rods
- Post expansion capacity
Note - Acquisition completed in Oct’23
Page 19
Business Update: Greenfield Expansion - Cold Rolling Mill
₹ 603 Cr
Total Capex
Greenfield project for a cold rolling mill spread over
55 acres
of land at Jamuria, West Bengal
Project approved under the PLI Products will include GI/GL coils and
scheme PPGL (Pre-Painted Galvalume Coils)
CRM Mill operation comprises of
1. HR Coil – Raw thick Steel
2. CR Coil – Cold rolled for smooth finish and reduced thickness
3. Galvalume Coating – Hot dip coating with Al-Zn-Si for corrosion resistance
4. Chemical Pre-treatment – Surface treatment for better paint adhesion and
5. Color coating – Primer + topcoat applied and baked
Greenfield Expansion
Phase I Phase II
2,50,000 Ton Capacity 1,50,000 Ton
Launched diverse range of roofing sheets under SEL Tiger in four distinct brands:
Both Phase 1 & Phase 2 have been successfully commissioned
SEL Tiger ROYALE, SEL Tiger ELITE, SEL Tiger AZURE and SEL Tiger ALFA
Page 20
Aluminium Division
Aluminium Foil facility commissioned in Jul’26 Aluminium Plant – Pakuria - West Bengal (Avg Capacity - 0.024
FRP facility likely to be commissioned soon MMTPA), Giridih – Jharkhand & upcoming plant in Odisha
One of the largest aluminium foil manufacturer in India, plant spread
over 5 acres
Mill with Flat Rolled Aluminium Foil Battery Foil
Plant installed by Achenbach (Germany), an industry pioneer
Caster Products (0.018 MMTPA) plant
(0.1 MMTPA) (0.06 MMTPA) (0.005 MMTPA)
Kickstarted and stabilised plant operations in record time
Rs. 75 cr Rs. 450 cr Rs. 250 cr Rs. 25 cr
More than 60% of the production utilised for exports
Rolling range: 40 to 5 micron with annealing capability, customized
as per demand
Bridges demand & supply gap in
Majorly producing 6-10 micron rolled material
aluminium flat rolled products
Backward integration to increase margins and additional capacities to
Strengthens backward integration
enhance revenues
Strategic Enables self reliance in raw materials for
Outcomes aluminium foil business Capex Incurred Capex Pending Total Capex
Rs. 744 Cr Rs. 56 Cr Rs. 800 Cr
Greenfield expansion PPaaggee 2211
Enhancing Capacities in Carbon Steel through Ramsarup Industries
Ramsarup Industries
First Capex Infusion in Ramsarup Industries – Phase I Capacity Expansion in Ramsarup Industries – Phase II
Capex : Rs 747 cr Capex : Rs 625 cr
Captive
DRI Blast
PowerPlant
Furnace
SteelWire Blast Captive Railway
150,000TPA Sinter 20MW Coke Oven SBQ Mill
4,50,000TPA Drawing Furnace PowerPlant Wagons
85,000 1,00,000
1.2MTPA 0.25MTPA 40MW 4,800 units 8,00,000 TPA
TPA TPA
- to be commissioned in future
Update – Phase I Blast Furnace has been successfully commissioned along with Sinter and Oxygen unit
Page 22
Foray into Wagon Manufacturing
Developed under step -down
Strategic entry into rolling The plant to incorporate Wagons types to be Project supports GoI’s
subsidiary,
stock segment – wagon world class “Uni-Flow” manufactured - Flat, “Make in India” initiative
Ramsarup Industries Ltd.,
manufacturing with manufacturing layout Open, Box, Hopper and is part of
Phase 1 operations to be
state-of-the-art greenfield Covered, Tank and company’s five-year
commenced in September
facility at Kharagpur, West Specialised Wagons CAPEX roadmap
2026
Bengal
Greenfield Expansion
Phase I Phase II
2,400 wagons Capacity 2,400 wagons
Capex Incurred Capex Pending Total Capex
Rs. 82 Cr Rs. 118 Cr Rs. 200 Cr
Page 23
Expansion With Strong Focus on Value Added Products
Integration has enabled greater control on the operating margins
Post Post
Capacity (MTPA) FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27 Capacity (MTPA) FY25 FY26 Q1 FY27
Expansion Expansion
Iron Pellet 2.40 3.60 4.80 6.00 6.00 6.00 6.00 6.00 Beneficiation - - - 3.0
Coke Oven 0.45 - - 0.7
Sponge Iron 1.39 2.11 2.54 2.90 3.05 3.05 3.05 4.10
Pig Iron* 0.77 1.22 1.22 1.53
Billets 0.89 0.94 1.69 2.01 2.01 2.01 2.01 2.41
Parallel Flange
- - - 0.4
TMT, Beam
Structural
0.82 0.90 1.97 2.07 2.07 2.07 2.07 2.16
Steel, Wire
Rods & Pipes Colour Coated
0.25 - 0.4 0.4
Sheets
Speciality
0.21 0.21 0.22 0.22 0.22 0.22 0.22 0.24
Alloys
Hot Rolling Mill - - - 1.58
Captive Power
227 267 267 357 467 467 467 677
(MW) Aluminium Flat - - - 0.06
rolled Products
Renewable
5 5 9 9 9 9 9 105
Power (MW) Stainless Steel - - - 0.018
Wires
Stainless Steel
- - - 0.12 0.12 0.12 0.12 0.85
Billet Stainless Steel - - - 0.025
Bright Bar
Stainless Steel
- - - 0.15 0.15 0.15 0.15 0.75 4800
Finished Steel Railway Wagons - - -
units
Aluminium
- 0.024 0.024 0.024 0.024 0.024 0.024 0.042 SBQ Mill - - - 0.8
Foil
- Installed Capacity - Future Capacity
Note: The above expansions are the part of existing CAPEX plan which was announced post IPO amounting to Rs. 9,425 crores
Page 25
*A sinter plant of 1.2MTPA has been commissioned along with pig iron 25
Projects Pending Installation & Status of Cost Incurred in Carbon Steel
Capacities to be
Budgeted Capex Capex incurred till Pending Capex
Particulars Commissioned
(Rs Cr) 30th June (Rs Cr) (Rs Cr)
(Million MTPA)
Intermediates:
Beneficiation Plant 3.00 300 222 78
Sponge Iron 1.05 400 320 80
Blast Furnace 0.31 610 337 273
Coke Oven 0.25 220 211 9
Billets (heavy structural mill) 0.40 110 20 90
Total Intermediates 5.01 1,640 1,110 530
Long Products:
Parallel Flange Beams 0.40 240 9 231
Steel Wire Drawing 0.09 45 - 45
SBQ Mill 0.80 900 75 825
Total Long Products 1.29 1,185 84 1,101
Flat Products:
Hot Strip Mill 1.58 5,400 169 5,231
Railway Wagons 4,800 units 200 82 118
Total Flat Products 5,600 251 5,349
Page 26
Projects Pending Installation & Status of Cost Incurred in Carbon Steel
Capacities to be
Budgeted Capex Capex incurred till Pending Capex
Particulars Commissioned
(Rs Cr) 30th June (Rs Cr) (Rs Cr)
(Million MTPA)
Others:
100 450 25 425
Solar Plant (MW)
210 930 545 385
Captive Power (MW)
2 90 90 -
Railway Siding (No. of lines)
1,470 660 810
Total Others
9,895 2,105 7,790
Total (A)
Page 27
Projects Pending Installation & Status of Cost Incurred for Others
Capacities to be
Budgeted Capex Capex incurred till Pending Capex
Particulars Commissioned
(Rs Cr) 30th June (Rs Cr) (Rs Cr)
(Million MTPA)
Stainless Steel Long:
Billet Stainless Steel 0.13 130 129 1
Stainless Steel Bright Bars 0.03 70 69 1
Stainless Steel Wires 0.02 40 39 1
Stainless Steel Flat:
Stainless Steel Melt Shop 0.60 300 112 188
Stainless Steel Hot Strip Mill 0.60 700 326 374
Stainless Steel Hot Rolling,
0.60 800 4 796
Annealing & Pickling Line
Stainless Steel Cold Rolling Mill 0.40 350 64 286
Stainless Steel Precision Cold
0.10 250 5 245
Rolling Mill
Stainless Steel Bright Annealing
0.50 300 7 293
Line
Total Stainless Steel (B) 1.38 2,940 755 2,185
Ferro Alloys (C) 0.02 60 50 10
Total (B+C) 3,000 805 2,195
Page 28
Projects Pending Installation & Status of Cost Incurred for Others
Capacities to be
Budgeted Capex Capex incurred till Pending Capex
Particulars Commissioned
(Rs Cr) 30th June (Rs Cr) (Rs Cr)
(Million MTPA)
Aluminium:
Aluminium Mill with Caster 0.10 75 54 21
Battery foil plant 0.01 25 23 2
Aluminium Flat Rolled Product 0.06 450 433 17
Aluminium Foil 0.02 250 234 16
Total Aluminium (D) 0.19 800 744 56
Total (E) = (B+C+D) 3,800 1,549 2,251
Total (A+E) 13,695 3,654 10,041
Page 29
Plant Wise Capacities - Existing: Carbon Steel
Product –Wise Sambalpur Jamuria Mangalpur Kharagpur TOTAL
Capacity (MTPA) Odisha West Bengal West Bengal West Bengal (MTPA)
Iron Pellets 3 3 6
Speciality Alloys 0.11 0.07 0.04 0.22
DRI (Direct Reduced Iron) 1.35 1.49 0.06 0.15 3.05
Billets 0.87 1.14 2.01
Pig Iron / Blast Furnace 0.771 0.45 1.22
TMT, SRM, WRM 0.92 1.15 2.07
Coke Oven 0.45 0.45
Color Coated 0.402 0.402
Captive Power 248 MW 184 MW 15 MW 20 MW 467 MW
Note: 1 - A sinter plant is also commissioned along with blast furnace; Note 2 - 0.15 MTPA CRM commissioned in April’26
Page 30
Plant Wise Capacities - Post Expansion: Carbon Steel
Product –Wise Sambalpur Jamuria Mangalpur Kharagpur TOTAL
Capacity (MTPA) Odisha West Bengal West Bengal West Bengal (MTPA)
Iron Pellets 3 3 6
Speciality Alloys 0.11 0.07 0.06 0.24
DRI (Direct Reduced Iron) 1.95 1.95 0.06 0.15 4.1
Pig Iron / Blast Furnace 0.98 0.55 1.53
Billets 1.27 1.141
2.41
TMT, WRM, SRM 0.92 1.15 0.09 2.16
Parallel Flange Beam 0.4 0.4
Colour Coated 0.4 0.4
Coke Oven 0.45 0.25 0.7
Captive Power Plant
378 MW 324 MW 15 MW 60 MW 777 MW
(including solar)
Railway Wagons 4800 units 4800 units
Hot Rolling Mill 1.58 1.58
Note: 1 - including 0.4 billet for HSM
Page 31
Plant Wise Capacities - Existing & Post Expansion: Stainless Steel
Product –Wise Sambalpur Pitampura TOTAL
Capacity (MTPA) Odisha Madhya Pradesh (MTPA)
Billets 0.13 0.12 0.25
SS Melt Shop 0.6 0.6
Stainless HR 0.6 0.6
Stainless CR 0.4 0.4
Stainless 0.15
0.15
SS Bright Bars
0.025 0.025
SS Wire Rods
0.018 0.018
XX to be commissioned XX existing XX Total capacities post expansion Page 32
Synopsis of CAPEX & Growth - Carbon Steel
Capacity Present Sales Expected Sales
Existing Capacity
Particulars Products Post- Expansion Increase by in Volume in Volume Growth
(in MMTPA)
(in MMTPA) (MMTPA) FY26 (MMTPA) FY31E
Carbon Steel:
Intermediate
Pellet 6.00 6.00 1.18 1.13 -4%
Products
a. Sponge Iron 3.05 4.10 0.90 1.05
b. Pig Iron 1.22 1.53 0.66 -
c. Billets 2.01 2.41 0.15 0.10
d. HR Coil - 1.58 - 1.09
Total (a+b+c+d) 6.28 9.62 53% 2.89 3.37 17%
Finished Steel Long Steel Products 2.07 2.16 1.55 1.90
Flat Steel Products 0.40 0.40 0.17 0.39
SBQ - 0.8 - 0.78
Total 2.47 3.36 36% 1.72 3.07 78%
Railway Wagons - 4,800 units 100% - 4,704 units 100%
Speciality Alloys 0.22 0.24 9% 0.22 0.09 -59%
Power (MW) 467 677 45%
Projects coming up which are both forward and backward integrated and shall be both value and margin accretive for the company Page 33
Synopsis of CAPEX & Growth - Stainless Steel & Aluminium
Capacity Present Sales Expected Sales
Existing Capacity
Particulars Products Post- Expansion Increase by in Volume in Volume Growth
(in MMTPA)
(in MMTPA) (MMTPA) FY26 (MMTPA) FY31E
Stainless Steel:
Intermediate Stainless Steel
0.12 0.85 608% - - -
Products Billets
Finished Steel SS Long Products 0.15 0.15 0.09 0.13
SS Flat Products 0.0 0.60 100% 0.48
Total 0.27 1.60 493% 0.09 0.61 578%
Aluminium:
Intermediate Flat Rolled Products
- 60,000 100% - -
Products (Metric TPA)
Aluminium Foil
Finished Products 24,000 42,000* 75% 21,620 47,100
(Metric TPA)
Battery Foil 5,000
Total 24,000 47,000 96% 21,620 47,100 118%
Projects coming up which are both forward and backward integrated and shall be both value and margin accretive for the company.
Page 34
Note: *Note: *rolling capacity is expected to be achieved based on foil stock rolled on an average of 9 micron
Energy Cost through Captive Power: ~ 79%
o Power consumed by the plants are primarily produced in-house by the
Sambhalpur Jamuria Mangalpur
Kharagpur
captive power plants and comprises of green power
o Captive power plants majorly utilise waste, rejects, heat and gas generated
from the operations to produce electricity
6 Turbines 4 Turbines 1 Turbine
1 Turbine
o 79% of Power sourced from captive power plants at Rs. 2.65/KWH while
Total Capacity of Total Capacity of Total Capacity of
Average Power Cost including Grid Power is Rs. 3.30/KWH Total Capacity of
248 MW 184 MW 15 MW
20 MW
o Cost of in-house power is significantly less than grid power which costs Rs.
5-7 Per Unit
Captive Power to Total Cost of Per Unit of Captive Power Plant Renewable Power Plant Post Expansion Capacity
Power Consumed Captive Power (Rs./KWH) Expansion Plans (MW) Expansion Plans (MW) (MW)
96 105 100 5
82% 74% 78% 83% 81% 79% 3.6 210 677 60
467 15 328
2.66 2.65
2.36 2.43 100 274
2.12
9
5 Sambalpur Jamuria
Mangalpur Ramsarup
Exsting Proposed Post
Capacity Fresh Expansion Solar Wind
Existing Proposed Post
Capacity
FY22 FY23 FY24 FY25 FY26 Q1 FY22 FY23 FY24 FY25 FY26 Q1 Capacity Fresh Expansion Wind Solar
FY27 FY27 Capacity Total Capacity Post Expansion – 782 MW
Page 35
Q1 FY27 Highlights
Revenue (Rs. Cr) EBITDA (Rs. Cr) PAT (Rs. Cr)
Y-o-Y Q-o-Q Y-o-Y Q-o-Q Y-o-Y Q-o-Q
+23% +4% +28% +7% +21% +13%
xx xx xx
0.26 0.33 0.26 0.33 0.26 0.33
4,423 5,240 5,455 756 812 291 312 351
633
Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27
Capex Update
• Ongoing Capex Update (as of Q1 FY27): Since listing, the Company has incurred Capex of Rs. 9,205 crores, representing 49% of the
total planned CAPEX of Rs.18,785 crores. Of this, Rs. 6,286 crores has already been capitalized
Page 37
Consolidated Profit & Loss Statement
Particulars (Rs. Cr) Q1 FY27 Q1 FY26 Y-o-Y Q4 FY26 Q-o-Q FY26 FY25 Y-o-Y
Revenue from Operations 5,455.1 4,423.0 23.3% 5,240.4 4.1% 18,552.2 15,137.5 22.4%
Cost of Material Consumed 4,214.5 3,290.3 3,848.6 13,680.2 11,336.7
Purchases of stock in trade 0.0 3.5 33.1 146.2 5.9
Change in Inventories of Finished goods & Work in Progress -305.0 -104.7 -227.8 -473.8 -401.1
Total Raw Material 3,909.5 3,189.0 3,654.0 13,352.6 10,941.5
Gross Profit 1,545.6 1,234.0 25.3% 1,586.4 -2.6% 5,199.6 4,196.0 23.3%
Gross Profit Margin (%) 28.3% 27.9% 30.3% 28.0% 27.7%
Employee Expenses 135.6 123.0 134.3 507.0 434.4
Other Expenses 639.1 527.0 723.5 2,352.6 1,893.6
Impairment Loss 5.6 4.3 1.7 7.0 2.6
Operating EBITDA 765.3 579.6 32.0% 726.9 5.3% 2,333.0 1,865.5 25.1%
Operating EBITDA Margin (%) 14.0% 13.1% 13.9% 12.6% 12.3%
Other Income 47.1 53.6 29.2 203.6 230.6
EBITDA 812.4 633.2 28.3% 756.1 7.4% 2,536.6 2,096.2 21.0%
Depreciation 264.9 204.5 248.5 882.2 711.2
EBIT 547.5 428.7 507.6 1,654.5 1,385.0
Finance Cost 78.3 39.8 51.31 192.23 143.9
Share in Profit/(Loss) of Associate and Joint Venture 0.02 0.03 0.02 0.10 0.10
Profit before Tax 469.2 388.9 456.3 1,462.4 1,241.2
Tax 118.5 98.3 144.8 402.2 331.9
Profit After Tax 350.7 290.7 20.6% 311.6 12.6% 1,060.2 909.3 16.6%
PAT Margin (%) 6.4% 6.6% 6.0% 5.7% 6.0%
EPS (As per Profit after Tax) 12.6 10.5 11.2 38.1 32.7
EBITDA /TON (Rs ) Metallics Carbon Steel CR Coil/Sheet Stainless Steel Speciality Alloys Aluminium
Q1 FY27 2,906 7,688 8,444 10,194 21,809 53,661
Q4 FY26 3,238 7,460 7,739 8,512 18,780 36,562
Page 38
Q1 FY27 Performance Highlights
Rs. 812 crores Rs. 765 crores
Rs. 5,455 crores Rs. 351 crores
Revenue from Operations EBITDA Operating EBITDA Profit After Tax
Revenue Breakup Volumes (in lakh tonnes) Volumes (in lakh tonnes)
Y-o-Y +16% -13% Q-o-Q Steel Products
xx
0.8% 0.26
0.25 00..3333 0.29
7.5%10.1% 0.06 Y-o-Y -20% -13% Q-o-Q
5.0% 0.06 Aluminum Foil
0.05
Steel 0.20 0.27 0.23 Stainless Steel 6.96 7.18 6.23
Products 20.6%
34.0%
77%
Q1 FY26 Q4 FY26 Q1 FY27
6.5%
7.8%7.9%
3.98 4.67
Finished Steel 3.95
Y-o-Y +20% +33% Q-o-Q
Speciality Alloys Pig Iron
xx
Carbon Steel Aluminium Foil 4.42 Steel Billets 0.41
3.69
30..3535 0.51 Ferro Products 0.39
CR Coil & Sheet Stainless Steel 0.57 0.60
0.55
Sponge Iron
Sponge Iron Others 2.57
3.91 2.12
3.12 2.78 Iron Pellets 1.68
Iron Pellets
Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27
Page 39
Per Tonne Realizations
Speciality Alloys Carbon Steel1
Y-o-Y Q-o-Q Y-o-Y Y-o-Y Q-o-Q Y-o-Y
+22% +7% -2% +2% +1% -3%
87,715 99,517 1,06,613 95,902 93,837 44,856 45,374 45,777 44,500 43,043
Q1FY26 Q4FY26 Q1FY27 FY25 FY26 Q1FY26 Q4FY26 Q1FY27 FY25 FY26
CR Coil/ CR Sheet2 Stainless Steel
Y-o-Y Q-o-Q Y-o-Y Y-o-Y Q-o-Q Y-o-Y
+21% +11% +11% +27% +18% +7%
86,815 74,494 1,75,925 1,31,586 1,40,443
71,974 78,153 67,202 1,38,516 1,49,034
Q1FY26 Q4FY26 Q1FY27 FY25 FY26 Q1FY26 Q4FY26 Q1FY27 FY25 FY26
Note – 1. per tonne realizations of Carbon Steel inclusive of Steel Billets and Finished Steel Products, 2. per tonne realisations including realisation of HR Tube/ Pipe; All figures in Rs
Page 40
Per Tonne Realizations
Sponge Iron Iron Pellets
Y-o-Y Q-o-Q Y-o-Y Y-o-Y Q-o-Q Y-o-Y
+5% +1% -7% +5% -5% +5%
24,100 24,897 25,219 25,343 23,695 8,608 9,556 9,057 8,645 9,085
Q1FY26 Q4FY26 Q1FY27 FY25 FY26 Q1FY26 Q4FY26 Q1FY27 FY25 FY26
Pig Iron Aluminium Foil
Y-o-Y Q-o-Q Y-o-Y Y-o-Y Q-o-Q Y-o-Y
+15% +5% +0.4% +32% +19% +10%
33,762 36,919 38,800 33,808 33,932 3,65,945 4,07,461 4,83,467 3,44,030 3,79,805
Q1FY26 Q4FY26 Q1FY27 FY25 FY26 Q1FY26 Q4FY26 Q1FY27 FY25 FY26
Page 41
Strong Debt Profile
Gross Debt (Rs. Cr) Net Debt^ (Rs. Cr)
1,050 960
951 957
785 768 246
577
534
-477 -562 -378
-1,062
-1,514
Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26
Gross Debt / Equity Net Debt / EBITDA
1.51
0.37
0.30
0.18
0.21
0.13
-0.18 -0.16
0.09 0.06 0.07 0.08 -0.57
-0.96
Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26
Note- ^ Net Debt comprises of Gross Debt less liquid long and short-term investments and cash equivalents
Page 42
Strong Balance Sheet - Flexibility of Growth
Conservatively Leveraged + Disciplined Capital Allocation strategy
Internal Operating Efficiency led to minimal
=
Working capital requirements
Better Return Metrics
Working Capital (days) Return ratios (%)
57%
22 9
34%
ROCE* 13% 20% 15% 15% 16%
132
123
Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26
100 97
55%
19 18
35%
20% 21% 20%
Mar-25 Mar-26 ROE* 14% 13%
Inventory Days Debtor Days Creditor Days Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26
Strong Balance Sheet to support Capex, Growth and Business Cycles
* Investments, Cash & Cash Equivalents is not considered in the calculation
Page 43
Disciplined Capital Allocation
Cashflow from Operations (Rs. Cr) CAPEX (Rs. Cr)
1,964 2,023 2,130 2,046
1,794
1,689
1,518 1,543 1,578
1,277
1,056
251
FY21 FY22 FY23 FY24 FY25 FY26
FY21 FY22 FY23 FY24 FY25 FY26
Cash & Cash Equivalents (Rs. Cr) CAPEX as % of Cashflow from Operations
2,092 108%
102% 101%
1,830
88%
1,541 76%
1,262 1,238
24%
486
FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26
The company is cash positive even at peak CAPEX cycle
Page 44
Consistent Volume Growth
Sales Volumes Sales Volumes – Q1 FY27
(in Lakh tonnes) (in Lakh tonnes)
volume growth %
Actual volume
Q1 FY27 volume
Projected volumes
+14%
26% 25%
9%
8%
5%
61.62 13.83
12.12
49.46
39.39
36.40
33.44
13.83
FY23 FY24 FY25 FY26 FY27P Q1 FY26 Q1 FY27
Page 45
Building the Future Roadmap
Build Greener,
05
Build Cleaner
Increase Cost
04
Efficiency
Grow
03 o Reducing Carbon
Geographies
02 Integrated o Use of technology in Footprint
Metals Major
01 More Value- o Enter in newer states with supply chain management o Focus on sustainability
Added Products
focus on branding and o Increase ancillary and
o Build market leading
increased margins backward integration
position in:
o ~80% of revenue mix
o Strengthen brand value
✓ Steel
o Profits grow faster than
✓ Stainless Steel
volumes
✓ Ferro Alloy
✓ Aluminium Foil
Products
All five moves funded entirely from internal cash generation
No new equity No increase in Net Debt CRISIL AA+ Stable
Page 47
Shyam Metalics: Vision 2031
Building India's Most Diversified & Value-Accretive Metals Platform
REVENUE EBITDA ROCE ROE Debt/Cash Accrual
FY26 FY31
s
FY26 FY31 FY26 FY31 FY26 FY31 FY26 FY31 s o t b e ₹957 Cr ~₹4,226 Cr
r GD
₹18,552 Cr ~₹42,500+ Cr ₹2,333 Cr ~₹6,200+ Cr 16% 22% 13% 20%
t
tb (₹378) Cr ~(₹732) Cr
e Ne
D
~18% CAGR ~22% CAGR ~600 bps ~700 bps la
hu ₹1,238 Cr ~₹4,958 Cr
sr
ac
Cc
A
Expand High-Value Product Portfolio Deepen Presence in Strategic End-Markets Enhance Integration & Cost Leadership
Increase exposure to Strengthen positioning in
Backward integration across energy,
Stainless Steel Railway Wagons Defence Engineering
mining and beneficiation
Improve operating efficiencies
Aluminium Foil Speciality Alloys Railways Real Estate
CR Coils/Sheets SBQ
Vision 2031
Build a sustainable, value-driven and capital-efficient metals platform through capacity expansion,
product mix enhancement, operational excellence and export diversification.
Page 48
Financial Roadmap to Vision 2031
REVENUE EBITDA
VOLUME (MT) REVENUE (₹ CR) EBITDA (₹ CR)
SHARE (%) SHARE (%)
PRODUCT
FY26 FY31E FY26 FY31E FY26 FY31E FY26 FY31E FY26 FY31E
Stainless Steel 94,102 6,99,733 1,322 11,969 7% 28% 77 1,108 3% 18%
Aluminium 21,620 47,100 821 2,331 5% 5% 76 277 3% 4%
Carbon Steel 44,37,734 52,80,074 12,760 17,933 70% 42% 1,706 2,866 73% 46%
SBQ Nil 7,84,000 Nil 4,704 - 11% Nil 1,019 0% 16%
Specialty Alloys 2,23,494 83,950 2,097 947 11% 2% 367 143 16% 2%
CRM 1,65,307 3,92,000 1,242 2,976 7% 7% 106 645 5% 10%
Wagon Nil 4,704 Nil 1,788 - 4% Nil 180 0% 3%
New High-Value Product Mix Transforming EBITDA Composition
Page 49
ESG – Impact Metrics
The Shyam Commitment – Efficiency in action | Responsibility in intent | Sustainability engineered at every step
POWER WATER SUN WIND
777 ZLD 20.43 35,000+
MW MWP Tonnes
Captive Power (Post Expansion) Zero Liquid Discharge & Extensive Solar Systems CO2 Emissions Avoided Annually
Water Recycling
6.31% 100% 63.98 95,000+
MW
Sourcing from MSMEs / Water Reused Installed Solar Capacity Lives Benefitted
small producers
45.65% 3-4K 24,276 105
KLD GJ MW
Reduction in Electricity Usage Wastewater Treated & Reused Daily Renewable Energy Renewable Power Plant,
Solar and Wind
50,000+ GREEN
Trees Planted Mobility Through EV Integration
PPaaggee 5511
Environment
Nurturing Nature. Ensuring a Sustainable Tomorrow
Plantation and Rainwater Harvesting Promotion of Clean Renovation of Water
Green Cover Rainwater harvesting systems Energy Bodies
Large-scale plantation to conserve water and Driving the transition to clean Rejuvenating and restoring
drives to enhance green recharge groundwater. and renewable energy for a lakes, ponds and other water
cover and biodiversity low-carbon future. bodies for community and
ecological well-being.
Renewable Energy Green Cover Water Conservation Page 52
Social
Empowering Communities. Enriching Lives.
Skill Development
• Sewing & Tailoring Training
Centres
• Handicrafts & Agarbatti Making
Training
• Mushroom Cultivation Programs
• Computer Training Centres
Healthcare & Community
Well-Being
• Medical Vans
• Drinking Water Facility
• Homeopathic Clinics
• Sanitisation & Renovation of
Toilets and Sanitation
Infrastructure
Social Infrastructure
• Schools
• Temples
• RCC Roads
• Playgrounds
• Burning Ghats
• Community Halls
People First Stronger Communities Positive Impact Page 53
CSR Initiatives
SUSTAINABILITY
• Improving water bodies • Annual medical health and eye checkup
• Plantation work campaign offering free medicine and
• Installation of solar streetlight spectacles to villagers
• Solar irrigation Pumps • Medical mobile van in 17-18 villages in
• Developing areas around green belt and Jamuria
RURAL HEALTH &
reducing carbon footprint • Established a Homeopathy Clinic near plant
WELLNESS
• Free Coaching Center for Economic
• Initiated KALP VRIKSHA project to promote
Backward Integration Section
rural upliftment & women empowerment
• Computer Training Centre at Dhasna village
• Provides training in sewing, jute & mushroom
under UDAY project
cultivation to generate alternate income
• SHYAM Scholarship for Meritorious students
RURAL
SKILL
EDUCATION
DEVELOPMENT
SOCIAL
• Established Shyam Metalics Football
INFRASTRUCTURE
Academy (SMFA) in 2018 • Temples renovation
DEVELOPMENT
• Constructed hostel for aspiring footballers • Village Sanitation
wherein they received full scholarships • Constructed RR Colony in Jamuria for
• Plans to expand footprint by playing in rehabilitation of Chawkidanga communities
Calcutta Football League
SPORTS PROMOTION
Undertook CSR initiatives amounting to Rs. 9.39 Cr across diverse areas such as healthcare, education, rural development, animal welfare and art & culture
Page 54
Community Building & Welfare of the Immediate Locality has always
been Our Top Priority
Safe Drinking Water Education & Skill Blood Donation Camp
Healthcare
Development
Summer water tankers for 100+ employee volunteers at
95,000 free OPD visits annually
38,397 residents 38 volunteers teaching in 21 schools Jamuria Plant
Pond Renovation Animal Welfare Nutrition & Community
Feeding
Revived 6 ponds; 6,324 Supported gaushalas caring for
beneficiaries 100,000+ cows Free meals for 5,000 daily
Page 55
Strengthening ESG Framework
ESG integration strengthening governance, operational resilience and long-term sustainability
63.7
60
55
50
SES ESG Research
NSE Sustainability CFC Finlease Private Private Ltd.
Limited
Ratings and Analytics
CRISIL ESG Ratings &
Limited
Analytics Limited
13-02-2026
17-01-2026
08-01-2026
15-09-2025
Third-party ESG ratings indicate improving sustainability profile with scope for structured enhancement across Environment, Social and Governance pillars
Page 56
Strengthening Brand ‘SEL Tiger’
TMT BARS
TMT are used for the construction of buildings, transmission towers, industrial sheds, structures, road, dam and in other various
infrastructures. SMEL sells the best quality TMT primarily in the states of West Bengal, Odisha, Bihar, Jharkhand, Tripura, Sikkim, Assam,
TMT are used for the construction of buildings, transmission towers, industrial sheds, structures, road, dam
Arunachal Pradesh, Manipur, Meghalaya, Uttarakhand, Uttar Pradesh, Punjab and Haryana. Our TMT and structural products are sold
and in other various infrastructures
under the brand “SEL Tiger”
SMEL sells the best quality TMT primarily in the states of West Bengal, Odisha, Bihar, Jharkhand, Tripura,
Sikkim, Assam, Arunachal Pradesh, Manipur, Meghalaya, Uttarakhand, Uttar Pradesh, Punjab and Haryana.
STRUCTURAL STEEL
Our TMT and structural products are sold under the brand “SEL Tiger”
Structural steel describes hot rolled steel products such as angles, channels and beams. With an array of high-quality Structural
products under the brand ‘SEL Tiger’, backed by world-class service and its other products, SMEL holds its pride of place among the
leading steel manufacturers of the country and material directly from the DRHP
WIRE RODS
Towards forward integration, SMEL has set up high quality Wire Rod manufacturing & Wire Drawing facilities with best available
technology and plant & machinery support. Since the raw materials are manufactured in-house at our plant, the company is able to
produce high quality Wire Rod & H.B. Wires in an efficient & cost-effective manner
ROOFING SHEETS
Offers diverse and high-quality range of cold-rolled steel products designed to meet varied needs of construction and industrial sectors.
Crafted at our state-of-the-art Cold Rolling Mill to provide superior performance and value for customers. Launched diverse range of
roofinOg fsfeherse tsd iuvnedresre SEaLn Tdi gheirg ihn- fqouuar lditiys tirnacnt gbera nodf sc: oSElsL- rToiglleerd R OstYeAeLl Ep, SroEdL uTcigtesr dELeIsTiEg,n SeEdL Ttiog emr AeZeUt RtEh ea nvda SrEieLd T igneere AdLsF Aof
construction and industrial sectors. Each product stands out due to its unique features, including premium
CRAcoSatHing Bs, AadRvaRncIeEdR duSrability, and exclusive warranties. These products are crafted at our state-of-the-art Cold
Rolling Mill to provide superior performance and value for customers. Launched diverse range of roofing
SEL Tisgheer eCtrsa ushn dBearr rSieErsL aTrieg eern ginin feoeurre dd istoti necnth barnacned rso: ad safety across highways, bridges, and urban roads. Built to stringent safety
standSarEdLs, Tthiegye ar bRsoOrYb AimLpEa,c St,E mLin Timigiseer vEeLhIiTclEe ,d SamELag Tei, gaenrd AheZlUp RprEe vaenndt aScEciLde Tnitgs efrro AmL eFsAcalating, protecting lives every day
STAINLESS STEEL REBAR
Shyam Metalics’ stainless steel rebars offer exceptional corrosion resistance and up to 5x longer life, making them ideal for durable,
low-maintenance coastal infrastructure
ALUMINIUM FOIL (FOOD GRADE)
SEL Tiger Foil, a distinguished product line from Shyam Metalics, represents the perfect blend of strength, quality, and versatility in
aluminium foil manufacturing. Designed to cater to the demanding needs of modern packaging, SEL Tiger Foil is synonymous with Page 58
reliability and excellence, making it a preferred choice for consumers and industries alike.
A Rising Force in India’s Steel Landscape
RECOGNISED
Amongst India’s Top Steel Entrepreneurs
STRONG FOUNDATION
Built on Scale, Integration & Operational Excellence
GROWTH MOMENTUM
Well positioned to create long-term shareholder value
Shyam Metalics recognized among India's Top Steel Players, well-positioned to scale new
heights and create sustainable shareholder value over the long term
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